The joint venture’s project in the northern state of Para
will include a slab mill and a port, the Sao Paulo-based
newspaper reported, without saying where it got the information.

Zyuzin will control 75 percent of the investment through
Mir Steel UK, Valor said. Cosipar, as the Maraba, Brazil-based
company is known, will have the additional 25 percent through
its pig iron producer Usipar, Valor said.